Resigning from a job does not automatically tell you what will happen to your bank account. The important questions are when salary credits stop, how the bank defines an active salary account and whether the account will convert to a savings variant. The account may remain usable while its fees and benefits change.
Salary-account annual-cost comparison
Compare two written fee quotations. Include applicable taxes in the amounts you enter; benefits and interest are not valued by this tool.
Annual cost = annual fees entered + monthly charge × charged months. Charges may use daily or average-balance rules; enter the bank-confirmed applicable charge. Zero defaults are examples and do not mean that either bank is universally free. Insurance payouts and promotional headline benefits are not cash savings.
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Check your bank's conversion clause
HDFC's Regular Salary Account terms describe conversion after three months without salary credit. SBI's Corporate Salary Package page also explains a change to ordinary savings treatment after the specified period without monthly salary. Do not assume that every bank, variant or special corporate arrangement follows exactly the same wording.
Use a resignation banking checklist
Download recent statements and record the last salary date. Ask HR whether final settlement will use the same account. List automatic payments, recurring deposits, investment mandates, refunds, card repayments and benefit reimbursements linked to it. Then ask the bank which charges and balance requirements apply after conversion.
Keep, convert or close?
Keeping the account may be practical if your next employer can use it and the bank confirms the salary classification. Conversion can work if a suitable savings variant meets your needs. Closure may make sense for an unused account, after dues, refunds and mandates are resolved. Do not close it before a pending final settlement without agreeing another payment route with HR.
For illustration, a clinical research associate changes employers and immediately opens a new payroll account. Their old account still pays a credit-card mandate. Emptying and abandoning the old account could cause a missed payment even though the new salary is arriving normally. Moving the mandate and checking the first successful debit is part of the switch.
Insurance and credit products need separate checks
Account-linked insurance, fee waivers and other benefits can have salary-credit or transaction conditions. A credit card or loan also has its own contract. Ask the issuer directly what continues and whether any offer depends on the salary relationship; do not assume either automatic cancellation or permanent free access.
Before leaving, keep written bank confirmation and a service-request reference. For account choices at the next job, compare the new employer's actual salary-account options rather than opening several accounts simply to collect welcome offers.
Prepared 1 November 2026 using the linked official sources. General education; product approval, fees, coverage and statutory entitlements depend on current terms and your circumstances. Illustrations are not personalised financial or legal advice.